Coming Glut Of Riverside Spec Homes?

This 1950's beauty (hint of sarcasm) is no longer with us. it has been replaced by a VERY LARGE spec house. To be priced at what? $5M? $6M? Higher?

234 Riverside Avenue, before. This early-1960’s beauty (hint of sarcasm) is no longer with us. it has been replaced by a VERY LARGE spec house. To be priced at what…$5M? $6M? Higher?

Could we soon have a glut of $5M+ spec homes right here in River City? Maybe, maybe not. It really depends on how they hit the market. If it’s all at once, that’s bad. If they dribble out one at a time, that’s better (and of course, like it or not, some of them are going to end up on the rental market).

In any case, there are a bunch on the way. On Riverside Avenue alone you’ll find at least four that will hit the market soon. Then there’s a couple on Hidden Brook, two more on Bayside Terrace, two on Lockwood Road,  one each on Lake Drive South, Winthrop, Summit Road, where else? Anyway, that’s about thirteen…

Here are eight Riverside sites about to come back on the market.